Tableau DA 6-3: Mini-Case, Income reporting under absorption and variable costing LO P1, P2 Waltman Company just ended its first year of operations. We are hired to help with the company's reporting. The Tableau Dashboard provides data for our analysis. Variable Manufacturing Costs Fixed Overhead Costs Per $10 per unit Year $8 per unit $6 per unit Prev Next $4 per unit Selling & Administrative Costs Per Year $2 per unit Fixed Selling & Administrative Costs Fixed: $45.000 per year $0 per unit Direct materials Direct labor Variable overhead Sales Price Variable Selling Price $100 Per Unit Prey 1 of 1- Nex Ch $4 per unit Selling & Administrative Costs Per Year $2 per unit $0 per unit Direct materials Direct labor Variable overhead Sales Price Variable Selling Price $100 Per Unit Fixed Selling & Administrative Costs Variable: $85,000 per year Units Produced vs Units Sold Units Sold Units Produced 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Units +ableau 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year? Complete this question by entering your answe swers in the tabs below. Req 1 Req 2 Req 3 and 41 Prepare an income statement for the year using variable costing. WALTMAN CO. Sales Income Statement (Variable Costing) For Year Ended December 311 $ 750,000 Variable expenses Variable selling and administrative expenses $ 52,500 ces Variable cost of goods sold 67.500 Total variable expenses 120.000 Contribution margin Fixed expenses Fixed overhead Fixed selling and administrative costs Income Prev 1 of 1 Next Req 1 Req 2 Req 3 and 4 Prepare an income statement for the year using absorption costing. WALTMAN CO. Income Statement (Absorption Costing) For Year Ended December 31 Income < Req 1 Req 3 and 4 > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 and 4 Answer the following questions. 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year? < Req 2 Waltman Company just ended its first year of operations. We are hired to help with the company's reporting. The Tableau Dashboard provides data for our analysis. Variable Manufacturing Costs $10 per unit Fixed Overhead Costs Per Year $8 per unit $6 per unit Variable Manufacturing Costs Direct materials: $7 per unit 00000 tman Company just ended its first year of operations. We are hired to help with the company's reporting. The Tableau Dashboard vides data for our analysis. Variable Manufacturing Costs $10 per unit Fixed Overhead Costs Per Year $8 per unit $6 per unit Variable Manufacturing Costs Direct labor: $9 per unit (00000) $6 per unit 00000 $4 per unit Selling & Administrative Costs Per Year $2 per unit. Variable Manufacturing Costs Variable overhead: $4 per unit Fixed $0 per unit Direct materials Direct labor Variable overhead Sales Price Variable Fixed manufacturing overhead: $100,000 per year 00000) Selling & Administrative Costs Per Year Check Units Produced vs Units Sold Units Sold Units Produced 1,000 2,000 3,000 4,000 5,000 Units Produced vs Units Sold Units Sold: 7,500 units 9,000 10,000 Units +ableau 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing. 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the mana prefer in the current year? Complete this question by entering your answers in the tabs below. Req 1 Req 21 Req 3 and 4 Units Produced vs Units Sold Units Sold Unit Produced Units Produced vs Units Sold Units Produced: 10,000 units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Units +ableau repare an income statement for the year using variable costing. Prepare an income statement for the year using absorption costing. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the mana fer in the current year? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 and 4